MOSCOW, August 13 The Investment Chamber has completed the first stage of settlements on the exchange of frozen assets of Russians and foreigners, according to a statement from the organizer of the trades.
«Despite external sanctions pressure during the application collection period, the organizer managed to sell to non-residents about a quarter of the MBS presented for redemption by resident individuals,» the report says.
It is noted that more than 708 thousand Russians were able to partially sell their foreign securities, which were received from 105 brokers and management companies, for a total of 8.1 billion rubles.
Now the «Investment Chamber» is considering the possibility of holding an additional round of selling the blocked securities.
«It is expected that the funds for the redeemed MBS will be received in the accounts of brokers, trustees, and management companies of mutual investment funds (MIF) no later than August 13. Professional market participants will send these funds to resident individuals in accordance with the regulatory deadlines,» the company also reported.
During the period of collecting applications, foreign regulators introduced additional restrictions: blocking sanctions against the National Settlement Depository and an EU ban on participation in the redemption by European legal entities, Investpalata noted.
The acceptance of applications for the exchange of frozen assets from Russian investors ended on May 8. The amount reached 35.3 billion rubles, and the pool of offers included more than two thousand names of foreign securities. From June 3 to August 2, the Investment Chamber collected applications from non-residents.